There are more US District Courts than there are US Circuit Courts of Appeal. True False

American Chemical Company manufactures a chemical compound that is sold for $52 per gallon. A new variant of the chemical has be

Leona [35]

Answer:

a. The total profit would be positively affected as it increases

Explanation:

1. We calculate the value of revenue per 8000 gallons with the initial chemical compound and processed into the new variant

Revenue Initial Chemical Compound= 8000 gallons X ($52/gallon)

Revenue Initial Chemical Compound= $ 416.000

Revenue Chemical compound processed into the new variant=8000 gallons X ($83/gallon)

Revenue Chemical compound processed into the new variant= $ 664.000

2. If we consider that the other production costs will be the same for the two chemical compounds, then the only difference will be the processing cost to refine the basic compound into the new variant. For this reason, we substract only the value of processing the basic compound into the new variant for the revenue of this.

$ 664.000 - $160.000= $504.000

3. The benefit values for each case are:

Initial Chemical Compound: $416.000

Chemical compound processed into the new variant: $504.000

In conclusion, greater benefit is obtained by processing the basic compound in the new variant than if the basic compound were sold only

3 0

3 years ago

The lower-of-cost-or-market method cannot be applied to

xxMikexx [17]

Any inventory not yet received

4 0

2 years ago

If items listed in the Inclusions section of the Contract to Buy and Sell Real Estate are not a part of the property, the broker

Ipatiy [6.2K]

Answer:

The correct answer is letter "A": do nothing, if the listing item is not on the property as of the date of the contract, it is not included nor necessary to cross it out.

Explanation:

The inclusions section of a buy or sell contract includes several items that might not be part of the property. The fact that those objects are part of the section does not imply they are part of the property in question. That is the reason why the section has the name of "if on the Property whether attached or not on the date of this Contract".

6 0

3 years ago

Garland Inc. offers a new employee a single-sum signing bonus at the date of employment, June 1, 2021. Alternatively, the employ

sweet [91]

Answer:$69,030

The employee can decide to receive a single amount of $69,030 at the employment date.

Explanation:

The time value of money is the idea that money is worth more now, than the same amount a year or five years from now. You can buy more with $10,000 today than you will be able to in 2021 or 2025.

The formula for calculating the present value of money is

$PV =FV \frac{1 }{(1+r)^{n} }$

or

$PV = \frac{FV }{(1+r)^{n} }$

Where PV is the present value

FV is the future value ($10,000)

r is the time value of money (9% or 0.09) and

n is the number of periods (2025 to 2029).

In this question,

2021 is period 0. In 2021, the employee receives 39,000. This is the present value = 39000

2022 is period 1

2023 is period 2

2024 is period 3

2025 is period 4. In 2025, the employee will receive 10,000 so the present value, PV = $10000\frac{1}{(1+0.09)^{4} }$

PV=10000 * 0.708 = 7080

2026 is period 5. In 2026, the employee will receive 10,000 so the present value, PV = $10000\frac{1}{(1+0.09)^{5} }$

PV=10000 * 0.650 = 6500

2027 is period 6. In 2027, the employee will receive 10,000 so the present value, PV = $10000\frac{1}{(1+0.09)^{6} }$

PV=10000 * 0.596 = 5960

2028 is period 7. In 2028, the employee will receive 10,000 so the present value, PV = $10000\frac{1}{(1+0.09)^{7} }$

PV=10000 * 0.547 = 5470

2029 is period 8. In 2029, the employee will receive 10,000 so the present value, PV = $10000\frac{1}{(1+0.09)^{8} }$

PV=10000 * 0.502 = 5020

In total, the present value = (39000 + 7080 + 6500 + 5960 + 5470 + 5020)

=69,030

The employee can decide to receive a single amount of $69030 at the employment date.

(You can also look up the values in a discount table and multiply them by the present value. Note that the first payment of $10,000 is in period 4, not 5. This is because 2021 is period 0)

6 0

3 years ago

Marin Factory provides a 2-year warranty with one of its products which was first sold in 2017. Marin sold $940,900 of products

bazaltina [42]

Answer and Explanation:

Cash $940,900

Sales Revenue 940,900

To record Sales

Warranty Expense 122,010

Warranty Liability 122,010

To record estimated warranty

Warranty Liability 74,460

Inventory 74,460

To record warranty claims

Warranty Liability account (122010 - 74460) = 47550

5 0

3 years ago